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20121114
20121114
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economic thinkers, george gilder, also the author of the "israel test," just released today. >> i it is great to be here. lou: let's start some politics. i think rationally so. we are faced with economic calamity if our politics don't work here. what would you put the odds at that busy rationality and effectiveness reemerge from washington, d.c., on the fiscal cliff? >> zero. lou: i thought that. >> if we can keep the current tax rates, we would continue to increase government revenue. increasing 26% under the bush tax rates over the last two years. over the last two years, government revenues have risen 26%, almost a quarter using the buss tax rates. low tax rates bring more revenues, not less revenues. lou: do you interpret all of the drama to be a lack of faith? in front of the growth model that has been demonstrated, as you point out, over the past two years. they are really saying the economy cannot grow fast enough to support the government. we will not see revenue increase unless we raise taxes. >> that is correct. the pre-verse thing is you don't get growth if you raise ta
is turning to it, i suppose. i want to turn to this book, "the israel test." you take up e issue of the world civilization, importance israel within it. as a capitalist as well as jewish state. you reallyelve that israel is that strong, that important in the world's future? >> i certainly do. the american economy is heavily dependent on israetoday, partly because of the debauchery of silicon valley, but now israel is a crucial sourcef new technology for apple. all apples, flash tribes, just bought a new israeli company to empower its new technologies. microsoft, cisco, johnson and johnson. the dependent on technologies that come from israel. they're deeply dependent. obama seems to think that the the tips is more important in israel or turkey is more important. israel is the most important technology force in the world next to the unitedstates, and if we keep on ou current path rael will benumber one. lou: always good to talk with you. >> great to talk to you. lou: you can find a link honor loudobbs.com. forty-eight days until the fiscal cliff. can the president and congress make a deal to av
not get any help. melissa: we had the word israel killed military leader. there was video from the air, so looking at oil if it higher. are we not? >> it was kind of strange because earlier in the day, the market did not move. and all of a sudden we rallied based on that move. i heard something else about the pipeline, we were up on that news. going forward, kind of fold your hands and say wait until the end of the year to get an idea of where it would go. i think the high today was 87.06 or thereabouts. i think the market is going to kind of find its way around $85. liz: oil down 12, 13% year to date, but equally as interested in today and the news out of the federal reserve minutes that may see cuti q. east four. >> do not have that much reaction in equities, but certainly the bond has not been sharing the risk mentality. up pretty much all day. basically they now say numerous governors are thinking there should be something to continue the twist, so realistically that could be an issue. what we are seeing is the bond not very risky. the vix is not going up, so realistically people are n
assault cease-fire for the past 24 hours along the israel border. and taking a 54 congressional committee today. refusing to answer questions from the committee. the tainted steroid use is responsible for 32 deaths. president obama will be holding his first news conference since march and just about an hour from now. the president acted to address the looming fiscal cliff reportedly call for $1.6 trillion in new taxes over the coming decade. we will bring it to you live on the fox business network when it happens. does the headlines making news this hour. back to you. dennis: thank you, uma. president obama an hour or so late meeting with ceos. wall street ceos not on the list, not invited. the capital market and regulation, joining us now. an industry bipartisan trade group. it looks like obama's relations with the things have improved. does he look ready to make peace? >> piece has to be made. sort of like the same situation of fiscal cliff. they have to get together and figure out the best way to go forward. dennis: keeping the regulations with an onslaught of dodd-frank regulations, t
gauge report. intensifying mideast tensions sent oil prices up more than 1%. israel launched a major military offensive against hamas in the gaza strip. israeli strikes killed the terrorist organizations top military commander. >>> kinder morgan won a 25 year deal. it will transport 200 million cubic feet of natural gas a day between arizona and mexico. the pipeline's construction awaits final approval from federal regulators. >>> natural gas prices hit one-year high. cold temperature forecast and dwindling inventories sent prices on a rally climbing more than 7% this week. take a look at that. wow. >>> up next iran's oil exports jumped through the roof even with supposedly crippling sanctions. why is the government starting to ration gas across the country? >>> plus the financial future for young americans looks grim but now some are starting to kick back their fate. how their new campaign is turning the screws on lawmakers. "piles of money" and more fun coming on. what makes the sleep number sre different? you walk into a conventional mattress store, it's really not about you. we h
sales came in this morning and prices were quite depressed. the military strike from israel, how precise it is. speaker there you go, middle east. melissa: thank you so much. lori: stocks down 80 points before the president speaks to make a case for higher taxes. nicole petallides on the floor of the new york stock exchange with more. nicole: higher taxes are something to mull over. a lot of people on wall street have postelection blues, and now fiscal cliff blues. look at the major market averages down 81-point head of the president's speech, the tech heavy nasdaq has moved into correction territory. let's take a look at two retailers. abercrombie and fitch and theirr aeropostel. they had strong sales abroad, strong margins. talk about the u.s. with healthy growth outlook there as well. and they look at aeropostle. they bought the online retailer would've just went onto from where our self with it. back to you. the one breaking news. melissa: house subcommittee reports blaming the corzine position in the blast, headlines hitting right now. the representative choice sealed mf global fait
Search Results 0 to 5 of about 6

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